Two Florida residents face charges related to their participation in an alleged insider trading scheme that generated roughly $4 million in profits in 2019, including approximately $2.2 million from trades of then-Canadian cannabis producer Aphria.
Canadian cannabis producer Aphria gave then-CEO Irwin Simon a cash and stock compensation package worth $8.1 million (10.5 million Canadian dollars) early last year to change his employment status from independent contractor to full-time employee.
Once-rival cannabis producers Tilray and Aphria completed their megamerger, the new company announced Monday, forming one of the biggest diversified marijuana, hemp and beer companies in the world.
A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission.
Canadian cannabis company Aphria on Thursday reported increased quarterly revenue for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million).
A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives.
Canadian cannabis giants Canopy Growth and Aphria were among a half-dozen licensed producers cited for serious regulatory violations in Health Canada’s compliance report covering the 2018-19 fiscal year.
Canadian cannabis companies Aphria and Tilray on Wednesday announced plans to merge, a transaction that would create a giant international marijuana firm with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion).
